Charlton MA Real Estate Snapshot for 2011
How's the Market in Charlton, Massachusetts? Well, as with many towns in central Massachusetts, Charlton saw a weakened real estate market for 2011. The economy, plus several unusual storms in the area, had a large role to play.
The two charts below tell the story. The number of homes sold in Charlton in 2011 was the lowest yet since the peak in 2005, and the average single family home price was back to 2002 prices.
Data Source: MLS PIN
Data Source: MLS PIN
There are currently 64 single family homes on the market in Charlton, MA. Of those, six homes have accepted offers but are continuing to market for back-up offers. There are also eight single family homes under contract. Only three homes have been sold in 2012 so far.
Summary and Predictions
With 64 homes on the market, there is approximately one year's worth of housing inventory in Charlton, MA. This is similar to other towns in the area. For 2012, I predict a slow but steady rate of property sales as we work through one last big grouping of foreclosures. Home prices may fall just a bit more but for the most part will be fairly stable.
For home sellers in Charlton, MA, this year will be the year to pull out all the stops. There is tough competition with bank-owned bargain-basement properties, so individual home sellers will need to provide what the banks don't: Clean, updated properties in move-in condition.
For home buyers in Charlton, MA, there is opportunity to move into a growing town with fantastic schools. Whether looking for an investment, or a place to settle down, buyers will continue to enjoy low prices and low interest rates. However, a warning: 2012 is expected to be the year that investors make their moves. If you plan to buy, do your research and make your move swiftly.
Would you like more information on buying or selling property in Charlton, Massachusetts? Give me a call or send a text to (508) 982-0686. I'd be happy to provide you with a free real estate consultation.
2011 Real Estate Reports in Nearby Towns
Serving Buyers and Sellers in the Towns of South-Central Massachusetts,
Kathryn Acciari, REALTOR
RE/MAX Professional Associates - Sturbridge, MA
(508) 982-0686 cell firstname.lastname@example.org email